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South Korea

South Korea to set up ‘virtual currency tracking system’ to counter illegal activity
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1 February, 2023

South Korea to set up ‘virtual currency tracking system’ to counter illegal activity

The South Korea Ministry of Justice's proposed tracking system is designed primarily against money laundering activities and to assist in...
Bithumb offices in South Korea raided over local tokens price manipulation claims
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31 January, 2023

Bithumb offices in South Korea raided over local tokens price manipulation claims

The prosecutors raided the Bithumb's offices to gather evidence on the allegations of price manipulations relating to local tokens Pixel...
South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations
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28 January, 2023

South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations

South Korean authorities say Kang Jong-Hyun was involved in stock price manipulation in Bithumb's affiliate companies like Vident, Bucket Studio,...
South Korea’s Busan to launch digital asset exchange by end of 2023: report
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25 January, 2023

South Korea’s Busan to launch digital asset exchange by end of 2023: report

Upon launch, the exchange system will offer deposit settlement and market monitoring services and will allow for proper listing evaluations.
South Korean court rules NFTs as speculative and not protected under legislation
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21 January, 2023

South Korean court rules NFTs as speculative and not protected under legislation

Gaming items converted to NFTs are considered "gifts prohibited under the Game Industry Act," and dealing with them equates to...
Seoul metropolitan unveils metaverse project to South Korea residents
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20 January, 2023

Seoul metropolitan unveils metaverse project to South Korea residents

Metaverse Seoul will offer the city's residents the chance to learn about South Korea's capital, visit tourist attractions, and have...
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